In: Accounting
Melissa recently paid $760 for round-trip airfare to San Francisco
to attend a business conference for three days. Melissa also paid
the following expenses: $370 fee to register for the conference,
$365 per night for three nights’ lodging, $250 for meals, and $300
for cab fare. (Leave no answers blank. Enter zero if
applicable.) (Do not round intermediate calculations. Round your
final answer to the nearest dollar amount.)
A. What amount of the travel costs can Melissa
deduct as business expenses?
Deductible Amount:
B. Suppose that while Melissa was on the coast,
she also spent two days sightseeing the national parks in the area.
To do the sightseeing, she paid $1,710 for transportation, $1,285
for lodging, and $475 for meals during this part of her trip, which
she considers personal in nature. What amount of the travel costs
can Melissa deduct as business expenses?
Deductible Amount:
C. Suppose that Melissa made the trip to San
Francisco primarily to visit the national parks and only attended
the business conference as an incidental benefit of being present
on the coast at that time. What amount of the airfare can Melissa
deduct as a business expense?
Deductible Amount:
D. Suppose that Melissa’s permanent residence
and business was located in San Francisco. She attended the
conference in San Francisco and paid $370 for the registration fee.
She drove 153 miles over the course of three days and paid $190 for
parking at the conference hotel. In addition, she spent $430 for
breakfast and dinner over the three days of the conference. She
bought breakfast on the way to the conference hotel and she bought
dinner on her way home each night from the conference. What amount
of these costs can Melissa deduct as business expenses?
(Use standard mileage rate.)
Deductible Amount: